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Author: Subject: What A Difference $300,000,000 Dollars Makes
DavidE
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[*] posted on 6-13-2013 at 02:31 PM
What A Difference $300,000,000 Dollars Makes


Markets take a breather. Pressure on Peso eases, drop a cool third billion, buy pesos and viola!


[img]http://www.xe.com/gen/charts/images/large/MXNUSD.png?1306131727[/img]




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DavidE
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Mood: 'At home we demand facts and get them. In Mexico one subsists on rumor and never demands anything.' Charles Flandrau,

[*] posted on 6-13-2013 at 02:38 PM
But There's Lots And Lots Of Reserves More Arriving Hourly






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Russ
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[*] posted on 6-13-2013 at 02:46 PM






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DavidE
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Mood: 'At home we demand facts and get them. In Mexico one subsists on rumor and never demands anything.' Charles Flandrau,

[*] posted on 6-13-2013 at 03:02 PM


Gracias Russ, I am indeed computer challenged.



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woody with a view
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[*] posted on 6-13-2013 at 03:12 PM


is it yen based? i dont see the dollar getting stronger....



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dtbushpilot
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[*] posted on 6-13-2013 at 08:59 PM


A friend told me to exchange dollars to pesos a couple of weeks ago, I never got around to it.....looks like I have another opportunity at the same price.....I probably won't get around to it tomorrow either...



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Bajaboy
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[*] posted on 6-13-2013 at 11:10 PM


actually, it really didn't make too much of a difference....a few weeks ago I pulled out 6000 pesos from the atm at it worked out to be $480 something dollars...today pulled out 6000 pesos and it turned out to be $480 something dollars.....but thanks for the heads up:o



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DavidE
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Mood: 'At home we demand facts and get them. In Mexico one subsists on rumor and never demands anything.' Charles Flandrau,

[*] posted on 6-14-2013 at 12:38 PM


My Bad,

I should explain, that the XE site is the official bank to bank rate. I use

http://www.oanda.com

Currency Converter.

Mexican Peso is MXN

When the new page pops up, find the drop down window. Some ATM's like BanComer like the -1% setting, BanaMex the -2% setting. ATM and your bank charges of course will be added on.

But the OANDA site calculation with appropriate percentage adjustment is so accurate it is almost scary. I regularly draw my ATM account down to with single digit dollars balance using this method. Screwem, they charge me fantastic "usary" fees, I allow them the use of my money for a day or two.




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